The Cleveland and Phoenix Metro areas are. The reason I think that is both the quality of real estate and the rents you can get. I looked at one in Solon Ohio yesterday and the price of the home was $1500 a month. After taxes, insurance, and Property management this property would net over $1100 a month.
The flip market is also very healthy here. The inventory is light but we get our fair share. We look at homes daily to help fill our clients needs.Cleveland Metro has a lot of great areas to buy in.
The cost of the home was $129,900, I think we could get it for $125,000. This area is a very nice area that all the amenities I always talk about. The key also is the quality of tenant you will get in these types of homes.
Also the areas that I am talking about has equity growth Most of the areas are seeing 3%-7% equity growth. All areas are seeing higher properties on as is type deals.
Cleveland has a vast amount of quality real estate that offers all the upscale amenities. The area also offers excellent school systems that families can get addicted to.
Phoenix has a great flip market and huge buyer pool. Getting a home there is hard but when you do….it’s great! We have a unique auction system that gets us new housing inventory daily. I have an active buyer that offers on homes that make sense until we get one.